Motiva’s $18bn US growth plans

Saudi Aramco-owned Motiva Enterprises has embarked on an $18bn growth journey that aims to make it the safest and most profitable downstream business in the US.

As reported in Tank News International in March, Motiva is now a wholly-owned affiliate of Saudi Aramco. Its growth efforts throughout the Americas will be to explore opportunities to increase refining capacity, branch into chemicals, and expand its commercial operations, marketing and branded presence over the next five years.

Motiva’s president and CEO, Dan Romasko said: “With the joint venture separation behind us, there is a real sense of self-sufficiency at Motiva. Our employees have embraced the changing culture, which has turned Motiva into a more agile organization. We have given employees added responsibility, but at the same time empowered them to make decisions and be accountable for our results.”

The growth strategy follows a concerted effort to transform the performance of Motiva.  Since 2014, Motiva has improved safety and reliability performance by nearly 50%; captured significant value through improvements in refinery operations; and maximised the company’s end-to-end value delivery through its trading organisation. Additionally, the company expanded its headquarters in Houston, Texas and repatriated offshore back-office functions to a third-party service provider in Tulsa, Okla.

For more information visit www.motiva.com

30th May 2017